This is ready to move up. Shorts will have to cover here very soon, if not today, then tomorrow. Watch the daily MACD, RSI and stochastics. All are in the strong buy zone.
The what I call "RSI support" is at 43-44, if you look at the trading band months back. We are at 45.7 after a strong bullish move, so the RSI is reset and coiled. The 50DMA was tested and held. The K just crossed at almost a 60 degree angle above the D on the daily stochastics. The daily MACD histogram bars are curling up from the oversold zone. A bullish cross in the MACD looks inevitable.
Turning to the hourly chart. The MACD just made a bullish cross 1H after an extremely strong stochastic bullish cross. The closer the ticks are together, when this happens the more bullish the move. First two resistances are at the upper bolly at .0023 and at .002, which comes from nearest largest bearish engulfing candlestick top.
Good luck to all here.
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